Brink’s Company (The) (NYSE:BCO) Director Peter A. Feld sold 60,000 shares of Brink’s Company (The) stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $75.81, for a total value of $4,548,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Brink’s Company (NYSE BCO) opened at 77.05 on Thursday. The stock has a 50 day moving average price of $74.18 and a 200-day moving average price of $62.40. Brink’s Company has a 1-year low of $33.99 and a 1-year high of $81.35. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 45.86 and a beta of 1.71.

Brink’s Company (The) (NYSE:BCO) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.18. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. The company had revenue of $806 million during the quarter, compared to analysts’ expectations of $730.87 million. During the same quarter in the prior year, the company earned $0.38 EPS. Brink’s Company (The)’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts forecast that Brink’s Company will post $3.02 earnings per share for the current year.

Brink’s Company (The) announced that its Board of Directors has initiated a stock repurchase plan on Monday, May 8th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the business services provider to buy up to 6.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, July 27th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, July 25th. This represents a $0.60 annualized dividend and a yield of 0.78%. Brink’s Company (The)’s dividend payout ratio is presently 35.71%.

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A number of hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its stake in shares of Brink’s Company (The) by 17.5% in the first quarter. Ameriprise Financial Inc. now owns 320,682 shares of the business services provider’s stock valued at $17,140,000 after buying an additional 47,737 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Brink’s Company (The) by 4.8% in the first quarter. Geode Capital Management LLC now owns 347,111 shares of the business services provider’s stock valued at $18,553,000 after buying an additional 15,803 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Brink’s Company (The) during the first quarter valued at about $599,000. Louisiana State Employees Retirement System boosted its stake in shares of Brink’s Company (The) by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the business services provider’s stock valued at $978,000 after buying an additional 300 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Brink’s Company (The) by 3.1% in the first quarter. Swiss National Bank now owns 74,200 shares of the business services provider’s stock valued at $3,966,000 after buying an additional 2,200 shares in the last quarter. 89.74% of the stock is owned by institutional investors.

Separately, Imperial Capital lifted their price target on Brink’s Company (The) from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, July 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $64.00.

About Brink’s Company (The)

The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.

Insider Buying and Selling by Quarter for Brink`s Company (The) (NYSE:BCO)

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